One of the hardest things to do is control spending while on vacation. I mean, you’re on vacation! Reality does not come into play when on vacation. Well more accurately, reality should come into play so you can keep having vacations. The last thing that should occur is regretting the amazing vacation that happened two weeks ago as you stare at the statement.
Some methods I like to put into practice during a vacation are:
- Only use a credit card for the hotel and modes of transportation. Also for any possible emergencies.
- Put together a food budget. Work out when and how often you plan to eat out. It also doesn’t always have to be the priciest restaurant. Be sure to take advantage of any complimentary meals offered by the hotel.
- Set aside some pure spending money. You’re on vacation, you are allowed to spend. However, you can still plan and budget for it.
- Plan far ahead for a vacation. Begin saving sooner rather than later.
Keeping track of your money while on vacation does not distract from the fun. It will make the time more enjoyable without having to be in denial of the out of control spending that could easily happen. Then upon returning home, all that is left are great memories, not great regret.
Guest blogger Colin Dodge
Comments on this entry are closed.